Daily Stock Market Commentary – 8/25/2008

Stock Market: in 3 days, the indexes recovered 61.8% of the previous 7-days’ losses…but the rally lacks technical credentials.

Volume fell on Thursday and Friday as prices rose, further calling into question the viability of the 3-day recovery attempt.

Sector leadership inverted for the day, and probably not for long.

Energy stockssurrendered most of Thursday’s gains, falling 2.29%.

Financial stocks jumped 3.80% on Bullish news stories but are still down for the week and month—long-term trends are Bearish.

Oil, Gold, Commodities, and Foreign Exchange surrendered some of recent gains, but they still could be in the process of turning up.

Tuesday’s Bearish Rising Wedge breakdown casts a dark cloud over any rally attempt.

On Friday, the Standard & Poor’s 500 cash index (1,292.20) rose 14.48 points or 1.13%. Over the past 3 trading days, the S&P retraced a normal Fibonacci 0.618 fraction of its previous 7-days’ losses. Still, it remains below the 5-week uptrend line that formed the lower boundary line of a Bearish Rising Wedge. The S&P should waste little time before testing or breaking its low of 1,200.44 set on 7/15/2008.

Total NYSE volume fell 7%, calling into question the viability of the recovery attempt. Previously, from 7/15/2008 to 8/18/2008, volume was in a declining trend, which is typical of the now completed Bearish Rising Wedge pattern on the price chart.

The S&P had been in an irregular firming trend from the intraday low of 1,200.44 on 7/15/2008 to the intraday high at 1,313.15 on 8/11/2008. I had been assuming that upmove was nothing more than a normal oversold bounce in a Bear Market. The S&P has been in a long-term downtrend since the intraday high of 1,576.09 on 10/11/2007.

Spotlight on event stocks: Here is a stock screen I designed to pick out potential event stocks, both Bullish and Bearish. Sometimes, stocks with large changes in price and volume are revealed to be deal stocks, sooner or later, or are the subject of some other extraordinary events, positive or negative.

Bullish Stocks: Rising Price and Rising Volume
% Price Change, Symbol, Name
8.45% , KG , KING PHARM
1.69% , PHJ , Dividend Growth PS, PHJ
1.94% , RSP , LargeCap Blend S&P=Weight R, RSP
7.11% , PWER , POWER ONE
1.04% , XSD , Semiconductor SPDR, XSD
1.58% , IGV , Software, IGV
3.42% , VIA , VIACOM INC. (New)
2.40% , PMR , Retail, PMR
1.89% , VBR , Value SmallCap VIPERS, VBR
4.86% , ODP , OFFICE DEPOT
2.73% , JKL , Value SmallCap iS M, JKL
1.01% , JKG , MidCap Blend Core iS M, JKG
1.27% , JKK , Growth SmallCap iS M, JKK
4.66% , JNY , JONES APPAREL
8.93% , KEY , KEYCORP
1.34% , EWP , Spain Index, EWP
1.49% , PTE , Telecommunications & Wireless, PTE
1.27% , JKJ , SmallCap Core iS M, JKJ
5.03% , LEH , LEHMAN BROS HLDG
1.01% , JKF , Value LargeCap iS M, JKF
3.65% , WPI , WATSON PHARM
0.85% , FPX , IPOs, First Tr IPOX-100, FPX
1.16% , IXP , Telecommunications Global, IXP
5.22% , GT , GOODYEAR TIRE
3.71% , RWR , REIT Wilshire, RWR
1.35% , EWH , Hong Kong Index, EWH
1.36% , JKI , Value MidCap iS M, JKI
4.81% , AXP , AMERICAN EXPRESS
0.61% , PZJ , SmallCap PS Zacks, PZJ
3.36% , CB , CHUBB
2.08% , RFV , Value MidCap S&P 400, RFV
1.66% , IXG , Financials Global LargeCap Value, IXG
0.83% , JKE , Growth LargeCap iS M, JKE
1.71% , VB , Small Cap VIPERs, VB
4.58% , GPS , GAP
3.13% , TGT , TARGET
4.24% , USB , US BANCORP
2.10% , CPWR , COMPUWARE
1.56% , PGJ , China LargeCap Growth G D H USX PS, PGJ
5.24% , GM , GENERAL MOTORS

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-0.55% , BDH , Broadband H, BDH
-11.68% , SNPS , Synopsys Inc
-6.30% , SVU , SUPERVALU
-5.81% , SOV , SOVEREIGN BANC
-3.22% , PDCO , Patterson Dental Company
-2.47% , EWY , South Korea Index, EWY
-3.85% , PLD , PROLOGIS TRUST
-3.21% , SWY , SAFEWAY
-1.84% , HAS , HASBRO
-0.34% , PXQ , Networking, PXQ
-0.40% , IACI , IAC/INTERACTIVCORP
-4.90% , AIG , AMER INTL GROUP
-2.09% , SLE , SARA LEE
-3.14% , BK , BANK OF NEW YORK
-0.40% , PSI , Semiconductors, PSI
-2.31% , PWER , POWER ONE
-4.12% , F , FORD MOTOR
-1.43% , S , SPRINT NEXTEL
-1.48% , PPG , PPG INDUSTRIES
-0.39% , VXF , Extended Mkt VIPERs, VXF
-1.20% , ABI , Applera Corp-Applied Biosystems Group (ABI)
-0.91% , IBB , Biotechnology, IBB
-0.85% , PXN , Nanotech Lux, PXN
-2.52% , EQR ,EQUITY RESIDENT BEN INT
-1.51% , TUP , TUPPERWARE
-1.16% , GS , GOLDMAN SACHS
-1.09% , WAT , WATERS
-0.51% , VDC , Consumer Staples VIPERs, VDC
-0.73% , PEJ , Leisure & Entertainment, PEJ
-0.54% , ROH , ROHM & HAAS
-2.04% , TDC , Teradata Corporation, TDC
-3.80% , HGSI , Human Genome Sciences Inc
-0.83% , MTK , Technology MS sT, MTK
-0.12% , HHH , Internet H, HHH
-0.50% , PJP , Pharmaceuticals, PJP
-0.16% , VOX , Telecom Services VIPERs, VOX
-1.85% , CCE , COCA COLA ENTER
-1.03% , PSJ , Software, PSJ
-4.06% , SSCC , Smurfit-Stone Container Corporation
-0.43% , PBJ , Food & Beverage, PBJ

Sectors: among the 9 major U.S. sectors, 7 rose and 2 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
3.80% Financial SPDR, XLF
2.33% Consumer Discretionary SPDR, XLY
1.96% Industrial SPDR, XLI
1.81% Consumer Staples SPDR, XLP
1.68% Health Care SPDR, XLV
1.39% Technology SPDR, XLK
0.40% Utilities SPDR, XLU
-0.05% Materials SPDR, XLB
-2.29% Energy SPDR, XLE

Primary Tide Trends for the 9 major sectors last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):

Consumer Staples (XLP) Neutral, Market Weight. On 8/12/08, XLP /SPY Relative Strength Ratio rose to another new 5-year high, again confirming that the long-term trend is up.

Health Care (XLV) Neutral, Market Weight. On 8/19/08, the XLV/SPY Relative Strength Ratio moved up to a new 7-month high, confirming an intermediate-term upside correction.

Energy (XLE) Neutral, Market Weight. On 8/21/08, both the XLE absolute price and the XLE/SPY Relative Strength Ratio rose to new 3-week highs, thereby suggesting at least a short-term rally.

Technology (XLK) Neutral, Market Weight. XLK/SPY Relative Strength Ratio has performed about in line with the broader market over the past 6 years.

Materials (XLB) Neutral, Market Weight. On 8/21/08, both the XLB absolute price and the XLB/SPY Relative Strength Ratio rose to new 3-week highs, thereby suggesting at least a short-term rally.

Industrial (XLI) Bearish, Underweight. On 8/20/08, XLI/SPY Relative Strength Ratio broke down to a new 3-week low. On 7/2/08, XLI/SPY Relative Strength broke down to a new 5-month low.

Utilities (XLU) Bearish, Underweight. On 8/21/08, both the XLU absolute price and the XLU /SPY Relative Strength Ratio rose to new 3-week highs, thereby suggesting at least a short-term rally. On 8/15/08, XLU/SPY Relative Strength Ratio broke down to a new 4-month low, confirming an intermediate-term downside correction.

Consumer Discretionary (XLY) Bearish, Underweight. On 7/15/08, XLY absolute price fell to its lowest level in 5 years. Since 1/5/05, the XLY/SPY Relative Strength Ratio has underperformed substantially.

Financial (XLF) Bearish, Underweight. On 7/15/08, the XLF absolute price and the XLF/SPY Relative Strength Ratio both fell to their lowest level in 8 years, again confirming a Bearish Primary Tide Trend. Since 3/23/04, the XLF/SPY Relative Strength Ratio has underperformed substantially.

Foreign stock index EFA Relative Strength Ratio fell to a new 26-month low on 8/19/08 and has been in a falling trend since 5/23/08. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite Relative Strength Ratio has been in a rising trend since 3/3/08.

Growth Stock/Value Stock Relative Strength Ratio stabilized since making a new 7-week low on 7/23/08. The short-term trend is neutral. Longer term, this ratio (IWF/IWD) has been in an uptrend since 8/8/06, and it rose to a new 4-year high on 7/15/08.

The Small Cap/Large Cap Relative Strength Ratio turned down after making a new 27-month high on 8/14/08. The long-term trend has been Bullish most of the time since 4/8/99.

Crude Oil futures contract surrendered all of Thursday’s steep gain. Nevertheless, the short-term trend may be in the process of turning up, following oversold conditions. The intermediate-term trend appears uncertain. The long-term trend remains Bullish. U.S. OIL FUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.

The Energy stock sector has underperformed Crude Oil since 12/10/07.

Gold futures contract surrendered a modest fraction of Thursday’s steep gain. The short-term trend has turned up. Gold has been in an intermediate-term downtrend since the peak of 1033.90 on 3/17/08. Gold has been in a long-term uptrend since 8/25/1999.

Gold Mining stocks continue to underperform Gold futures.

U.S. Treasury Bond futures contract eased slightly lower. The short-term trend may be gently rolling over to the downside. Bonds touched a new 4-month high on 8/20/08 and have been in an intermediate-term uptrend since 6/13/08. Long term, Bonds have been in a neutral sideways trend since June 2003.

The U.S. dollar recovered most of Thursday’s steep loss. Still, the short-term trend direction appears to have turned to the downside following overbought conditions. The intermediate-term trend direction remains up. The long-term trend remains Bearish.

The Art of Contrary Thinking: Tradersneed to be extremely nimble to keep up with rapid changes in the mass mood. The business and financial news has flipped from fear to hope and back again this year, creating higher levels of volatility. Investors might be wise to focus on risk control.

Sentiment/Contrary Opinion: There were 40.7% Bulls versus 38.4% Bears as of 8/20/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio rose to 1.06, up from 0.70 the previous week. The low of 0.57 on 7/16/08 was the lowest level of the ratio since 1994. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47.

VIX Fear Index, now at 18.81, indicates falling Fear since the peak at 28.48 on 7/14/08. Previously, VIX fell from a peak of 32.64 on 3/17/08 to a low of 16.30 on 5/15/08, indicating decreasing Fear. The all-time high was 45.74 on 10/8/98. The all-time low was 9.89 on 1/24/07. VIX is a market estimate of expected constant 30-day volatility, calculated by weighting S&P 500 Index CBOE option bid/ask quotes spanning a wide range of strike prices for the two nearest expiration dates.

VXN Fear Index, now at 22.38, indicates falling Fear since the peak at 33.20 on 7/14/08. Previously, VXN fell from a peak of 35.63 on 1/22/08 to a low of 20.00 on 5/16/08, indicating decreasing Fear. The all-time high was 114.23 on 10/8/98. The all-time low was 12.61 on 7/29/05. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio is 0.60, which indicates neutral sentiment. Its 4-year mean and median are 0.62, and its 4-year range is 0.35 to 1.28.

ISEE Call/Put Ratio is 1.52, which indicates neutral sentiment. The ratio’s 4-year mean is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.16.

Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and the net balance of positive earnings surprises. The unfolding fallout from the subprime credit market crisis has derailed that engine. Economic statistics and corporate earnings have weakened.

The Dow Theory confirmed a Primary Tide Bear Market on 11/21/07 when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their respective closing price lows of August, 2007.

The breadth of the market has been in a relatively Bearish trend long term since June 2007. The number of New Lows has exceeded the number of New Highs most days for more than a year, since July 2007, and that is one sign of a Bear Market. On 7/15/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 20-month lows, so major breadth trends remain Bearish.

To discover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500 cash index (1,292.20):

Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15 high of 8/11/2008

To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index (1,292.20):

Potential Support
1,200.44, low of 7/15/2008
1,168.20, low of 10/13/2005
1,163.23, high of 3/5/2004
1,159.86, low of 5/17/2005
1,153.64, low of 5/16/2005
1,146.18, low of 5/13/2005
1,139.14, low of 4/29/2005
1,136.37, low of 4/20/2005

Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol

3.80% Financial SPDR, XLF
3.71% REIT Wilshire, RWR
3.40% REIT VIPERs, VNQ
3.37% Ultra Dow30 Double, DDM
3.36% Realty Cohen & Steers, ICF
3.13%Financial ServicesDJ, IYG
3.10%Bank Regional H, RKH
2.82% Ultra QQQ Double, QLD
2.77% Capital Markets KWB ST, KCE
2.74% Financial DJ US, IYF
2.73% Value SmallCap iS M, JKL
2.67% Software H, SWH
2.65% Dividend High Yield Equity PS, PEY
2.54% Financials VIPERs, VFH
2.51% Ultra S&P500 Double, SSO
2.50% Malaysia Index, EWM
2.45% Transportation Av DJ, IYT
2.42% Value SmallCap S&P 600 B, IJS
2.40% Retail, PMR
2.38% Internet H, HHH
2.37% Homebuilders SPDR, XHB
2.33% Consumer Discretionary SPDR, XLY
2.29% Real Estate US DJ, IYR
2.28% Sweden Index, EWD
2.25% Value SmallCap S&P 600, RZV
2.20% Telecom H, TTH
2.20% Consumer D. VIPERs, VCR
2.19% Telecom DJ US, IYZ
2.12% Dividend DJ Select, DVY
2.11% SmallCap Russell 2000, IWM
2.09% Ultra MidCap400 Double, MVV
2.08% Value MidCap S&P 400, RFV
2.07% Value MidCap Russell, IWS
2.06% Value SmallCap Russell 2000, IWN
2.05% Consumer Cyclical DJ, IYC
2.01% Networking, PXQ
2.00% Dividend Leaders, FDL
1.99% DIAMONDS (DJIA), DIA
1.96% Industrial SPDR, XLI
1.94% LargeCap Blend S&P=Weight R, RSP
1.93% Dividend SPDR, SDY
1.91% Retail H, RTH
1.89% Value SmallCap VIPERS, VBR
1.83% Telecom Services VIPERs, VOX
1.81% Consumer Staples SPDR, XLP
1.77% Microcap Russell, IWC
1.74% Value S&P 500, RPV
1.73% Value SmallCap Dynamic PS, PWY
1.73% SmallCap S&P 600, IJR
1.71% Small Cap VIPERs, VB
1.69% Dividend Growth PS, PHJ
1.68% Health Care SPDR, XLV
1.66% Financials Global LargeCap Value, IXG
1.58% Software, IGV
1.58% Broadband H, BDH
1.57% Software, PSJ
1.56% China LargeCap Growth G D H USX PS, PGJ
1.55% Growth LargeCap NASDAQ Fidelity, ONEQ
1.55% Value S&P 500 B, IVE
1.50% Pharmaceuticals, PJP
1.49% Telecommunications & Wireless, PTE
1.49% Industrials VIPERs, VIS
1.48% MidCap VIPERs, VO
1.48% Growth SmallCap R 2000, IWO
1.47% Value LargeCap Fundamental RAFI 1000, PRF
1.46% Netherlands Index, EWN
1.46% Growth SmallCap VIPERs, VBK
1.45% S&P 500 SPDRs LargeCap Blend, SPY
1.43% Water Resources, PHO
1.41% Insurance, PIC
1.41% WilderHill Clean Energy PS, PBW
1.41% Value Large Cap DJ, ELV
1.40% Value LargeCap Dynamic PS, PWV
1.40% LargeCap Blend S&P 100, OEF
1.40% Growth SmallCap Dynamic PS, PWT
1.40% Technology MS sT, MTK
1.40% Blend Total Market VIPERs, VTI
1.39% Technology SPDR, XLK
1.39% Growth BARRA Small Cap 600, IJT
1.38% Technology GS, IGM
1.38% OTC Dynamic PS, PWO
1.37% Leisure & Entertainment, PEJ
1.37% Technology DJ US, IYW
1.36% Value MidCap iS M, JKI
1.35% Hong Kong Index, EWH
1.34% Spain Index, EWP
1.33% Info Tech VIPERs, VGT
1.32% Growth LargeCap NASDAQ 100, QQQQ
1.31% Value MidCap Dynamic PS, PWP
1.31% Industrial LargeCap Blend DJ US, IYJ
1.29% Extended Mkt VIPERs, VXF
1.29% Semiconductor H, SMH
1.27% Biotech SPDR, XBI
1.27% Growth SmallCap iS M, JKK
1.27% SmallCap Core iS M, JKJ
1.27% LargeCap Rydex Rus Top 50, XLG
1.26% Value MidCap S&P 400 B, IJJ
1.24% Semiconductor iS GS, IGW
1.24% LargeCap VIPERs, VV
1.23% Value VIPERs, VTV
1.23% Singapore Index, EWS
1.23% Dividend Appreciation Vipers, VIG
1.22% Internet Architecture H, IAH
1.22% Technology Global, IXN
1.21% Value 1000 Russell, IWD
1.20% LargeCap Blend Russell 3000, IWV
1.20% Growth Small Cap DJ, DSG
1.20% Value LargeCap Russell 3000, IWW
1.19% S&P 500 iS LargeCap Blend, IVV
1.18% MidCap Russell, IWR
1.17% China 25 iS, FXI
1.16% Telecommunications Global, IXP
1.16% LargeCap Blend Total Market DJ, IYY
1.14% Growth LargeCap Russell 3000, IWZ
1.13% LargeCap 1000 R, IWB
1.13% Health Care VIPERs, VHT
1.12% Dividend Achievers PS, PFM
1.12% Consumer Staples VIPERs, VDC
1.12% Consumer Non-Cyclical, IYK
1.10% LargeCap Blend S&P 1500 iS, ISI
1.07% Nanotech Lux, PXN
1.07% MidCap S&P 400 SPDRs, MDY
1.06% LargeCap Blend Socially Responsible iS, KLD
1.06% Healthcare DJ, IYH
1.06% LargeCap Blend Core iS M, JKD
1.04% Networking, IGN
1.04% Semiconductor SPDR, XSD
1.01% MidCap Blend Core iS M, JKG
1.01% Value LargeCap iS M, JKF
1.01% Wilshire 5000 ST TM, TMW
0.98% Growth VIPERs, VUG
0.97% Micro Cap Zachs, PZI
0.97% Growth 1000 Russell, IWF
0.94% Building & Construction, PKB
0.94% Internet Infrastructure H, IIH
0.92% Value Small Cap DJ, DSV
0.92% Biotech & Genome, PBE
0.91% Global 100, IOO
0.90% Dividend International, PID
0.89% MidCap S&P 400 iS, IJH
0.89% EMU Europe Index, EZU
0.89% Belgium Index, EWK
0.87% Aerospace & Defense, PPA
0.87% Biotechnology, IBB
0.86% Pharmaceutical H, PPH
0.85% IPOs, First Tr IPOX-100, FPX
0.85% Hardware & Electronics, PHW
0.84% Pacific ex-Japan, EPP
0.84% Semiconductors, PSI
0.84% Growth S&P 500/BARRA, IVW
0.83% Growth LargeCap iS M, JKE
0.83% LargeCap Blend NYSE Composite iS, NYC
0.82% Growth MidCap Russell, IWP
0.80% Value 40 Large Low P/E FT DB, FDV
0.79% European VIPERs, VGK
0.78% Growth Large Cap, ELG
0.77% Lg Cap Growth PSD, PWB
0.76% Growth Mid Cap Dynamic PS, PWJ
0.71% Europe 350 S&P Index, IEV
0.70% France Index, EWQ
0.68% MidCap Growth iS M, JKH
0.66% LargeCap Blend Dynamic PS, PWC
0.65% Growth MidCap 400 B, IJK
0.64% Value LargeCap NYSE 100 iS, NY
0.61% SmallCap PS Zacks, PZJ
0.55% Growth S&P 500, RPG
0.54% Utilities, PUI
0.48% Emerging VIPERs, VWO
0.46% EAFE Index, EFA
0.45% Value EAFE MSCI, EFV
0.44% Growth MidCap S&P 400, RFG
0.43% Food & Beverage, PBJ
0.41% Value LargeCap Euro STOXX 50 DJ, FEU
0.40% Germany Index, EWG
0.40% Utilities SPDR, XLU
0.35% Healthcare Global, IXJ
0.34% Biotech H, BBH
0.32% United Kingdom Index, EWU
0.31% Utilities VIPERs, VPU
0.27% Switzerland Index, EWL
0.20% Developed 100 BLDRS, ADRD
0.20% Europe 100 BLDRS, ADRU
0.17% Internet B2B H, BHH
0.16% Italy Index, EWI
0.15% Utilities DJ, IDU
0.13% Australia Index, EWA
0.05% Value Line Timeliness MidCap Gr, PIV
0.04% Bond, Corp, LQD
0.02% Euro STOXX 50, FEZ
0.00% Taiwan Index, EWT
0.00% Pacific VIPERs, VPL
-0.02% Growth EAFE MSCI, EFG
-0.05% Materials SPDR, XLB
-0.06% Bond, 20+ Years Treasury, TLT
-0.07% Emerging Markets, EEM
-0.08% Materials VIPERs, VAW
-0.11% Utilities H, UTH
-0.11% Bond, Aggregate, AGG
-0.11% Mexico Index, EWW
-0.14% Asia 50 BLDRS, ADRA
-0.18% Bond, 1-3 Year Treasury, SHY
-0.23% Global Titans, DGT
-0.29% Bond, 10 Year Treasury, IEF
-0.38% Austria Index, EWO
-0.38% Bond, TIPS, TIP
-0.53% Emerging 50 BLDRS, ADRE
-0.60% Japan LargeCap Blend TOPIX 150, ITF
-0.70% Basic Materials DJ US, IYM
-0.70% Japan Index, EWJ
-0.85% Short 100% QQQ, PSQ
-0.85% Canada Index, EWC
-0.86% South Korea Index, EWY
-0.89% Short 100% MidCap 400, MYY
-0.92% Short 100% S&P 500, SH
-0.92% South Africa Index, EZA
-0.94% Latin Am 40, ILF
-1.27% Energy VIPERs, VDE
-1.36% Energy Global, IXC
-1.43% Brazil Index, EWZ
-1.48% Gold Shares S.T., GLD
-1.71% Short 100% Dow 30, DOG
-1.73% Energy DJ, IYE
-1.75% Oil & Gas, PXJ
-1.79% Short 200% MidCap 400 PS, MZZ
-1.95% Natural Resource iS GS, IGE
-2.10% Oil Services H, OIH
-2.14% Metals & Mining SPDR, XME
-2.29% Energy SPDR, XLE
-2.48% Short 200% QQQ PS, QID
-2.64% Short 200% S&P 500 PS, SDS
-3.14% Silver Trust iS, SLV
-3.23% Energy Exploration & Prod, PXE
-3.39% Commodity Tracking, DBC
-3.74% Short 200% Dow 30 PS, DXD
-5.77% Oil, Crude, U.S. Oil Fund, USO